The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) will come into effect April 1 and all branches of the former two will function as branches of BoB. ....

Beleaguered liquor tycoon Vijay Mallya, who is facing extradition to India to answer charges of fraud and money laundering, on Sunday said that Prime Minister Narendra Modi's recent statement that assets worth much more the amount he owes to banks have been seized "vindicates" his stand that he is a BJP's "poster boy". ....

Jet Airways promoter and founder Naresh Goyal on Monday resigned from the company's board. ....

Anil D Ambani, Chairman of Reliance Communications, has thanked Reliance Industries Chairman, Mukesh Ambani and Nita Ambani for their support regarding payment of dues to Ericsson as all the RCOM's outstanding to the Swedish company stand cleared. ....

A court in London has issued an arrest warrant against fugitive Indian diamantaire Nirav Modi, accused in the Rs 12,700 crore bank, confirmed the Enforcement Directorate (ED) on Monday. ....

The Narendra Modi government has introduced the much-needed second generation reforms with several game-changing decisions over the last five years, said Finance Minister Arun Jaitley on Monday, cheering the GST introduction, saying it will increase the assessee base in the first twenty-one months of its implementation by almost eighty percent. ....

India's annual rate of inflation based on wholesale prices rose to 2.93 per cent in February from 2.74 per cent reported for the corresponding month of 2018, official data showed on Thursday. ....

The Enforcement Directorate (ED) has named fugitive diamantaire Nirav Modi's wife Ami Modi in a supplementary chargesheet in connection with its ongoing probe into over Rs 13,500-crore Punjab National Bank (PNB) loan fraud case, said informed sources. ....

Fugitive diamantaire Nirav Modi fled India in January 2018 only days before the epic Punjab National Bank (PNB) Swift scam broke. Even as investigators swooped down on PNB, it was clear that Nirav Modi and his uncle Mehul Choksi have ingeniously defrauded the PNB of Rs 13,000 crore using Letters of Undertaking for the malady exercise. ....

Authorities here on Friday carried out a controlled blast to raze the luxurious beach bungalow of absconding diamantaire Nirav Modi, one of the prime accused in the Punjab National Bank scam, official sources said. ....